Now is the right time to invest in Bangladesh: CCCI-Japan Desk
Now is the right time to invest in Bangladesh, including Chittagong, for the continued growth of the middle class. We need technical skills and experience to increase investment in this time of the Fourth Industrial Revolution. The technology and experience of Japan and its private sector in large scale industrialization can play an important role in the economy of Bangladesh.
This was stated by the speakers at a webinar organized by CCCI-Japan Desk today (February 18) to attract Japanese investment in Bangladesh including Chittagong. JETRO Country Representative EOG Ando, Chittagong Chamber Vice President Syed Mohammad Tanvir, Japan-Bangladesh Chamber of Commerce and Industry President Asif A. Chowdhury, Director of CCCI-Japan Deskar Barrister Omar H. Khan, Managing Partner, Legal Consul, Tariq Rafi Bhuiyan and Legal Consul, Operating Partner, CCCI-Japan Desk spoke.
The webinar was attended by representatives of more than 100 Japanese organizations. In his welcome address, Mahbubul Alam, President of Chittagong Chamber of Commerce and Industry, on the occasion of the 50th anniversary of Japan-Bangladesh friendship, said that Bangladesh has a youth force and Japan has capital and investment to harness that power. In addition, Japan has the necessary technology to meet the needs of Bangladesh’s growing middle class. There is a lot of potential for joint ventures in investment and trade, targeting local, regional and global export markets. He requested the Japanese investors to contact CCCI-Japan Desk for any information regarding investment in Chittagong and Bangladesh.
JETRO’s Country Representative EOG Ando presented a documentary on the CCCI-Japan Desk and the excellent economic conditions that exist in Bangladesh, especially in Chittagong, the importance of Chittagong and its future prospects of becoming a global industrial hub. He said the Japan Desk, in collaboration with Legal Council, New Vision Solutions Ltd., Bangladesh Center of Excellence and JETRO, would strengthen business relations between Bangladesh and Japan through providing legal advice, trade and market information, connectivity and policy advocacy.
Chittagong Chamber Vice-President Syed Mohammad Tanvir highlighted Chittagong’s trade, economy, culture and potential in a documentary. He said Chittagong is a landlocked South Asian country with Southeast Asian countries such as Thailand, Malaysia, Singapore, Indonesia etc. at the center of a population of about 600 million people. Chittagong is currently being transformed into a growth engine for trade and investment in South Asia. Referring to Chittagong as ‘The Secret Opportunity of Asia’, he assured the overall cooperation of the Japanese investors coming through CCCI Japan Desk.
Tariq Rafi Bhuiyan, Managing Director, New Vision, Knowledge Partner, CCCI Japan Desk, presented a documentary on Bangladesh’s market insights and ten potential investment sectors. He highlighted the potential for investment in agriculture, food processing, blue economy, electronics, financial services, healthcare, medical devices, ICT, leather, light engineering, pharmaceuticals, readymade garments and textile industries.
Barrister Omar H. Khan, Managing Partner, Legal Consul, Operating Partner, CCCI Japan Desk, presented an article entitled ‘Investment Climate of Bangladesh’, which discusses in detail the laws and regulations related to foreign investment. He invited Japanese investors to take advantage of Bangladesh’s diverse opportunities.
Barrister Omar H. Khan on behalf of the Legal Council pledged to provide the highest level of service to Japanese investment and business in Bangladesh. JBCCI President Asif A. Chowdhury said in his thank-you speech that CCCI Japan Desk can assist developing and developing organizations in development as a facilitator in communication, investment and match making. He appreciated the concerted efforts of CCCI, JETRO and JBCCI and thanked the speakers for their substantive discussions.